Motorola OjoVideo phones over regular phone lines are crap, video cellphones are still a year or two from reality here in the US, but Motorola and WorldGate have a new broadband video phone coming out that makes video calls over a regular high-speed Internet connection. So it will work (they say it can get 30 frames per second video with full duplex speakerphone for the audio), but obviously this is really only a step up from just using a headset and a webcam, not some major advance in and of itself. And in fact there are already several other broadband video phones (like from D-Link) that you can buy right now. 

[Via Digital Media Thoughts]

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Motorola's broadband video phone